governor romney earlier mentioned the bowles-simpson commission. well that's how the commission bipartisan commission, that talked about how we should move forward suggested we have do it, in a balanced way with some revenue and some spending cuts. >> all right. when we put the president's proposal under the lens on this one, glenn, what do you find out? >> yeah, there's not much there. this is fantasy washington accounting, really. you know, he -- when i had looked at this before, essentially it's maybe one dollar of tax cuts for one dollar of spending cuts. but a lot of the spending cuts in there are, you know, are made up, so to speak. for instance, he gives himself $800 billion worth of credit for any awards in afghanistan and iraq, that money that wasn't going to be spent anyway. counts $1 trillion in spending cuts already banked, no matter who was president that would happen. it's really not at all like the simpson-bowles commission when you do apples to apples, the simpson-bowles commission over ten years would reduce the deficit by 50% more